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In line with the latest amendments to the Cyprus Social Insurance Law (59(I)/2010), significant changes are set to impact both employed and self-employed individuals from 1st January 2024.

When Cyprus became an independent state in 1960, the English-based legal system which operated during the period of British rule was maintained.

The Parliament voted today 27 March 2020, a number of legislative amendments in response to the COVID-19 outbreak in Cyprus and its impact on the Cyprus economy.

The Department of Social Insurance Services lays down yearly the maximum amount of earnings used for the purpose of calculating the contributions to the Social Insurance, Redundancy, Training...

If however the structure is not simple, and for instance a group will apply for the licensing instead of a stand alone Cyprus Company (common practise), the complexities of the group will most likely increase.

In accordance with the Cyprus Social Insurance Law of 59(I)/2010, as amended, the contribution rates to the Social Insurance Fund will increase as follows, effective 1st January 2024...

Το Υπουργείο Εργασίας, Πρόνοιας και Κοινωνικών Ασφαλίσεων, σε συνεργασία με το Υφυπουργείο Έρευ

On 28 June 2023, the European Commission (EC) published a set of legislative proposals on payment services; on the much anticipated introduction of a digital euro...

The first management committee of a jointly-owned building is elected, and the number of its members determined, at the first annual general meeting of apartment owners of the jointly-owned building.

Insurance companies from 3rd countries and the UK are using Cyprus as their entry point within the EU to sell their insurance products and services. As a result, Cyprus...

The maximum level of income on which social insurance contributions are paid on is as follows:

Cyprus undertook a thorough review of its insurance legislation in 2002, in preparation for accession to the EU in 2004.

In our Compensations booklet for 2019, you may find a summary of all rulings issued by the Cypriot courts in 2019, in which compensations were awarded for damages resulting from any form of accident.